News

Madrid, the objective of Latin American fintech companies to enter Europe

On October 6, Mexico celebrated the FinTech Unconference Mexico 2022, the largest private meeting of CEOs and founders in the sector. The first edition was held in Madrid, at the end of June, with great attendance success, according to the organization.

The meeting was organized by Finnovating and with the collaboration of the Madrid City Council and its program Madrid Investment Attraction (MIA), with the aim of establishing a bridge between Latin America and Europe for the FinTech ecosystem.

The FinTech Unconference Mexico is a milestone to promote innovation and collaboration between the main companies in the Latin American FinTech sector and their interest in landing in Madrid, which became tangible during the meeting that generated more than 985 informal meetings. In this way, the best success stories were presented, the most disruptive models of the moment and many spaces were created for connection and networking between those responsible for the leading companies in the ecosystem.

Madrid, fourth city in the world in number of Fintech companies

Spain, and specifically Madrid, is perceived as the best gateway for the Latin American, European and MENA markets (Middle East and North Africa), providing immediate access to more than 1,600 million consumers in these markets for companies that establish themselves in Madrid as FinTech capital to operate. Therefore, the meeting promoted the attraction of FinTech talent to the capital, presenting an opportunity to promote the internationalization and scalability of Mexican companies interested in landing in Europespecifically in Madrid.

Warning, scroll to continue reading

Currently, Spain hosts more than 700 FinTech, InsurTech and RegTech companies hosted. Most of them are located in Madrid, which makes it the fourth largest city in the world after London, New York and San Francisco. The great interest that the Spanish capital represents for Latin American companies was reflected in this meeting, where they will have the opportunity to discover the benefits of carrying out a soft-landing there and how the City Council, the MIA and Finnovating team can support them in their expansion process. In addition, the meeting featured a round table focused on the internationalization and scalability of companies, with the participation of FinTechs already installed in the capital.

This unique meeting means promoting attracting talent to Madrid as the European FinTech capital by excellence. It is a real luxury to have the support and experience of the Madrid City Council and the Madrid Investment Attraction team, so that the leading FinTech companies in Mexico that will be present on the day of the meeting can learn about the benefits of coming to Madrid first-hand and strengthen the bridge between Latin America and Europe in the sector”comments Rodrigo García de la Cruz, CEO of Finnovating.

Miguel Angel Redondo delegate of Economy of the City council of Madrid, affirms that: “Madrid occupies one of the main positions among European cities in terms of the most promising prospects for both startups and Fintech companies. At MIA we are working to attract companies from this booming sector and to attract as much talent as possible, accompanying them from the first moment”.

Deepak Gupta

Deepak Gupta is a technical writer with a 10-year track record in business, gaming, and technology journalism. He specializes in translating complex technical data into actionable insights for a global audience.

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *